Pacific Ridge Exploration Ltd. · TSXV:PEX
Pacific Ridge Exploration — Investor Presentation (October 2022)
28 slides from Pacific Ridge Exploration's investor presentation, October 2022
Slide 1: Focused on B.C. copper-gold porphyry projects
Focused on B.C. copper-gold porphyry projects October 2022
Slide 2: Forward looking statements
Forward looking statements This presentation includes certain statements that may be deemed “forward-looking statements”. All statements in this presentation, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that Pacific
Slide 3: Why Pacific Ridge?
Why Pacific Ridge? Our goal is to become B.C.’s leading copper-gold exploration company. • Strong management team, board, and technical committee. • Opportunity to make a significant discovery at flagship Kliyul copper-gold porphyry project. • Intersected 316.7 m of 0.75% CuEq* or 1.17 g/t AuEq** in
Slide 4: Management & board
Management & board Gerald G. (Gerry) Carlson, PhD, PEng. Executive Chairman & Director Over 40 years of international experience in managing mineral exploration and mining development companies with a focus on precious and base metal deposits. Received the J.C. Sproule Award for his work in the Yuko
Slide 5: Technical committee
Technical committee Borden Putnam III, MSc., PGeo. Technical Committee Chair Over 40 years of experience in the mineral industry. Mr Putnam has worked predominantly as an asset analyst and geologist and as a buy-side analyst at several U.S.-based mutual and hedge funds, including Eastbourne Capital
Slide 6: Share structure
Share structure Trading symbols: PEX: TSXV PEXZF: OTCQB Capital structure: Common shares: 84.7M Warrants: 23.4M Stock options: 7.0M Fully diluted: 115.1M Funds/institutions: 40% Management: 9% 52-week high/low: CAD$0.58/$0.10 Market Capitalization: ~CAD$22.0M 6
Slide 7: Project portfolio
Project portfolio BC projects: • Kliyul copper-gold porphyry project. • RDP copper-gold porphyry project. • Chuchi copper-gold porphyry project. • Onjo copper-gold porphyry project. • Redton copper-gold porphyry project. Yukon projects: • Fyre Lake Cu-Au-Co project. • Mariposa gold project. • Eureka
Slide 8: Kliyul copper-gold project: the Quesnel Trough
Kliyul copper-gold project: the Quesnel Trough • Lawyers: Benchmark Metals • Joy District: Freeport to spend $110M for 70% interest (Amarc). • Kemess North: Feasibility stage porphyry Cu-Au deposit (Centerra Gold). • Kemess South: Past producing porphyry Cu-Au mine (Centerra Gold). • Kwanika and Sta
Slide 9: Kliyul copper-gold project: infrastructure
Kliyul copper-gold project: infrastructure 5km from Omineca road/230 kV power line that serves Kemess - 50km north. 9
Slide 10: Kliyul copper-gold project: overview
Kliyul copper-gold project: overview • Over 60 km2 in size, Pacific Ridge can acquire up to a 75% interest in Kliyul from Centerra Gold ($7.0M in exploration expenditures will be met this year). • Similar geological environment to other B.C. copper-gold porphyry deposits: Kemess (Centerra), Mt. Mill
Slide 11: Kliyul copper-gold project: 2021 drill program results
Kliyul copper-gold project: 2021 drill program results Hole From(m) To(m) Width(m) Cu(%) Au(g/t) CuEq(%)* AuEq(g/t)** KLI-21-036* 12.0 449.0** 437.0 0.22 0.60 0.61 0.96 Includes 12.0 65.0 53.0 0.22 0.83 0.75 1.17 And 12.0 33.0 21.0 0.34 1.30 1.17 1.84 And 47.0 65.0 18.0 0.22 0.89 0.79 1.23 Includes
Slide 12: Kliyul copper-gold project: comparable B.C. deposits/mines
Kliyul copper-gold project: comparable B.C. deposits/mines How do holes KLI-21-036, KLI-21-037, KLI-21-038, and the highlighted historic drill intercepts compare to other porphyry deposits/mines in B.C.? Deposit/Mine Mt Cu (%) Au (g/t) CuEq* (%) AuEq** (g/t) Category MT. MILLIGAN 482 0.20 0.39 0.45
Slide 13: 2022 drill targets
2022 drill targets Combined geophysical & geochemical targeting strategy Kliyul North A –mag-resistivity high anomaly (Kliyul Main Zone “KMZ”) C B – porphyry footprints target (KMZ-Kliyul West) E C – deep bornite mineralized porphyry (Kliyul North) D Kliyul East East Wedge D – Mo, Sn, Mg-chlorite ta
Slide 14: Plan view of drilling targets along Valley Fault Trend
Plan view of drilling targets along Valley Fault Trend - chargeability and 2022 collar layout 14
Slide 15: Section view of drilling targets along Valley Fault Trend
Section view of drilling targets along Valley Fault Trend - chargeability and 2022 collar layout 15
Slide 16: Kliyul copper-gold project: selected 2022 drill core
Kliyul copper-gold project: selected 2022 drill core • All 12 drill holes encountered porphyry copper-gold style mineralization consisting of sulphide minerals pyrite, chalcopyrite and lesser bornite • Step-out drilling successfully expanded the known Kliyul porphyry copper-gold footprint and relate
Slide 17: Other property scale targets at Kliyul
Other property scale targets at Kliyul DN DN Darb Creek Pluton Darb Creek Pluton DS G K/eTh ring KN KE KW KMZ DS K/eTh BR G ring KN 2 km PH KE KW KMZ M-39 BR 2022 IP lines ) Mal PH 27 line-km completed at 200m spacing MVI-RTP-1VD Magnetics – SEARCH III M-39 • The MVI-RTP-1VD inversion of the G – Gin
Slide 18: Kliyul copper-gold project: summary
Kliyul copper-gold project: summary • Exploration agreements in place with local First Nations. • Kliyul is located in a prolific mining belt close to existing infrastructure. • Many similarities with other copper-gold porphyry deposits/mines in BC: Mt. Milligan, Kemess, Red Chris, and Saddle North.
Slide 19: RDP copper-gold project
RDP copper-gold project • Optioned to a wholly-owned subsidiary of Antofagasta: o Can acquire a 75% interest by spending $10,000,000 over eight years and delivering a PEA. • 1,861 m diamond drill program complete. • 40 km west of Kliyul, Pacific Ridge is the operator and supported the RDP drill prog
Slide 20: Chuchi copper-gold project
Chuchi copper-gold project • Option to acquire up to a 75% interest from Centerra Gold. • Over 61 sq. km, Chuchi is road accessible and is located 35 km northwest of Centerra’s Mount Milligan mine. • Main BP Zone is defined by 4 km x 3 km halo of outer propylitic alteration surrounding a central 1.5
Slide 21: Chuchi copper-gold project – BP Zone selected drill results
Chuchi copper-gold project – BP Zone selected drill results Hole No. From (m) To (m) Width (m) Cu (%) Au (g/t) CuEq (%)* AuEq (g/t)** CH-89-7 38.0 138.0 100.0 0.27 0.37 0.51 0.79 Includes 82.0 98.0 16.0 0.71 1.32 1.55 2.43 CH-89-8 152.0 200.0 48.0 0.25 0.24 0.40 0.63 CH-90-23 38.0 54.0 16.0 0.36 0.5
Slide 22: Onjo copper-gold project
Onjo copper-gold project • Owned 100%. • Over 9,700 hectares in size, Onjo is road accessible and 15 km west of Centerra Gold’s Mount Milligan mine: o 837 million pounds copper and 2.1 million ounces gold*. • Occurs on the same magnetic trend that hosts the Mount Milligan mine, the Chuchi deposit an
Slide 23: Redton copper-gold project
Redton copper-gold project • Option to acquire up to a 75% interest from Centerra Gold. • Adjacent to NorthWest Copper’s Kwanika Deposit. • NorthWest Copper recently intersected 235.45 metres of 2.92% CuEq from the Kwanika – only 2km away from Redton**. • A number of targets exist at Redton: Redton
Slide 24: Yukon projects
Yukon projects • Fyre Lake Cu-Au-Co VMS deposit optioned to BMC Minerals Ltd. (final payment of $850K due in 2022). Three 100% owned gold projects located in the White Gold District. • Mariposa: Target is a White Gold/Coffee-style gold deposit. Drilled in 2010-12 with best result of 2.74 g/t Au over
Slide 25: Why Pacific Ridge?
Why Pacific Ridge? Our goal is to become B.C.’s leading copper-gold exploration company. • Strong management team, board, and technical committee. • Opportunity to make a significant discovery at flagship Kliyul copper-gold porphyry project. • Intersected 316.7 m of 0.75% CuEq* or 1.17 g/t AuEq** in
Slide 26: Pacific Ridge Exploration Ltd.
Pacific Ridge Exploration Ltd. 1111 Melville Street, Suite 1100 Vancouver BC V6E 3V6 www.pacificridgeexploration.com Blaine Monaghan TSX-V: PEX President & CEO Phone: 604-687-4951 bmonaghan@pacificridgeexploration.com
Slide 27: Kliyul and Redton Option Terms
Kliyul and Redton Option Terms Pacific Ridge has the right to earn a 51-per-cent interest in the properties by making cash payments of $100,000, issuing two million shares and spending $3.5-million on exploration by Dec. 31, 2023. The Company then has the right to increase its interest in the proper
Slide 28: Chuchi Option Terms
Chuchi Option Terms Pacific Ridge has the right to earn a 51% interest in Chuchi by making cash payments totaling $60,000, issuing 2.0 million shares, and spending $5 million on exploration by the fourth anniversary of the agreement. The Company then has the right to increase its interest in the Pro
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